More on the move to a consolidated fiscal and monetary policy

The weekly post on Monday was on the new Japanese LDP Prime Minister Abe's threat to strip the Bank of Japan of its independence as a central bank. The thrust of his threat goes to  the integration of monetary and fiscal policy to create a consolidated government balance sheet so that government can better serve its policy aims.
Tim Duy has a good post on this issue that I highly recommend. And the big idea that Tim has here is that it is fiscal policy that is king here. As I have been saying f...


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